Bessent Urges China To Press Iran On Hormuz Reopening

 

Washington — U.S. Treasury Secretary Scott Bessent on May 4 urged China to increase diplomatic pressure on Iran to reopen the Strait of Hormuz to international shipping, saying Beijing’s energy purchases sustain Tehran and that the issue will be discussed when President Trump meets President Xi Jinping on May 14–15...

Companies Report Divergent Q1 Earnings and Forward Guidance

 

Paramus, N.J. — Alexander's Inc. on Monday reported first-quarter funds from operations of $13.4 million ($2.60 per share), net income of $4.7 million (91 cents per share) and revenue of $53.4 million, noting its shares have risen 12% year-to-date and 14% over the last 12 months; in San Diego on...

Officials Urge Preparedness As Many Residents Remain Unprepared

 

Tampa, Fla. local outlets and officials reported this week that Hurricane Preparedness Week (May 3–9) is underway and spotlighted surveys showing about one in four residents remain unprepared; AAA and insurance professionals urged immediate steps such as reviewing coverage, assembling emergency kits, and confirming evacuation plans ahead of the June...

Hotel REITs Report First-Quarter Stronger-Than-Expected Results

 

Bethesda, Md. — RLJ Lodging Trust on Monday reported first-quarter funds from operations of $49.5 million, or $0.33 per share, surpassing the Zacks Investment Research average estimate of $0.27 per share from four analysts. The Bethesda-based hotel real estate investment trust posted revenue of $340 million for the period, topping...

Federal Judge Temporarily Blocks Louisiana Clerk Consolidation Law

 

New Orleans. A federal judge on Sunday, May 3, blocked a Louisiana law that would eliminate the Orleans Parish Criminal District Court clerk position, allowing Calvin Duncan—who won the November election with 68% of the vote—to move forward to assume the office; the judge found the April 30 statute violated...

Spirit Shutdown Strands Travelers, Spurs Industry Flight Shifts

 

Orlando — Spirit Airlines abruptly ceased operations Saturday, cancelling flights and leaving thousands of passengers stranded at airports including Orlando International Airport and others nationwide. Travelers reported receiving notifications that service was winding down and were advised not to report to airports, prompting immediate searches for alternative transportation and emergency...

Jury begins hearing in Stefon Diggs assault case

 

Dedham, Mass. — The assault trial of former New England Patriots wide receiver Stefon Diggs opened Monday as a jury convened to hear competing accounts of a Dec. 2 encounter at his Dedham home. Prosecutors allege Diggs slapped and choked his private chef, while his attorney maintained he is innocent...

Twist Loss, Tyson Profit Mark Mixed Q2 Results

 

South San Francisco and Springdale: Twist Bioscience Corp. on Monday reported a $44 million loss in its fiscal second quarter, recording a loss of 71 cents per share (62 cents adjusted) and $110.7 million in revenue, while Springdale-based Tyson Foods Inc. on Monday reported $260 million in fiscal second-quarter earnings...

Michigan special election could shift Senate control

 

WASHINGTON — Voters in a central Michigan district will decide the 35th state Senate seat on Tuesday, determining whether Democrats keep their 19-18 majority or produce a 19-19 split. Democrat Chedrick Greene, Republican Jason Tunney and Libertarian Ali Sledz are on the ballot; Greene won the Feb. 3 Democratic primary...

NCLH Posts Mixed Q1 Results with Governance Changes

 

Miami — Norwegian Cruise Line Holdings reported first-quarter results on May 4, 2026, saying GAAP net income was roughly $105 million and EPS was $0.23 for the period ended March 31, 2026. The company reported total revenue near $2.3 billion and noted the EPS result topped the Zacks survey consensus...